De Freyne Maarten: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
De Freyne Maarten
Largest movements
- Tangible fixed assets +€18,813
up €18,813 (+49.3%), from €38,174 to €56,987
of which Other tangible fixed assets: +€19,475
- Cash -€3,839
down €3,839 (-12.3%), from €31,095 to €27,256
mainly Investment in fixed assets (net) (-€30,632) and Contributions, distributions and other (-€10,000)
- Stocks and contracts +€3,315
up €3,315 (+21.4%), from €15,523 to €18,838
- Debts after one year +€13,964
up €13,964 (+45.7%), from €30,549 to €44,513
- Other debts -€7,646
down €7,646 (-43.3%), from €17,646 to €10,000
- Current portion of long-term debt +€5,158
up €5,158 (+126%), from €4,078 to €9,236
- Reserves +€3,389
up €3,389 (+13.0%), from €26,056 to €29,445
- Tax, wage and social debts +€2,591
up €2,591 (+148%), from €1,751 to €4,342
of which Taxes: +€2,414
- Gross operating margin -€9,234
down €9,234 (-10.5%), from €87,583 to €78,349
- Depreciation +€5,659
up €5,659 (+91.9%), from €6,160 to €11,819
- Taxes -€3,755
down €3,755 (-53.2%), from €7,061 to €3,306
- Staff costs +€1,372
up €1,372 (+3.0%), from €45,423 to €46,795
- Financial charges +€1,012
up €1,012 (+74.4%), from €1,361 to €2,373
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €85,877 | €104,819 | +€18,942 | +22.1% |
| Fixed assets | 21/28 | €38,174 | €56,987 | +€18,813 | +49.3% |
| Tangible fixed assets | 22/27 | €38,174 | €56,987 | +€18,813 | +49.3% |
| Plant, machinery and equipment | 23 | €1,290 | €628 | -€662 | -51.3% |
| Other tangible fixed assets | 26 | €36,884 | €56,359 | +€19,475 | +52.8% |
| Current assets | 29/58 | €47,703 | €47,832 | +€129 | +0.3% |
| Stocks and contracts in progress | 3 | €15,523 | €18,838 | +€3,315 | +21.4% |
| Stocks | 30/36 | €15,523 | €18,838 | +€3,315 | +21.4% |
| Amounts receivable within one year | 40/41 | €1,085 | €1,738 | +€653 | +60.2% |
| Trade receivables | 40 | €1,085 | €1,738 | +€653 | +60.2% |
| Cash at bank and in hand | 54/58 | €31,095 | €27,256 | -€3,839 | -12.3% |
| Total equity and liabilities | 10/49 | €85,877 | €104,819 | +€18,942 | +22.1% |
| Equity | 10/15 | €31,056 | €34,445 | +€3,389 | +10.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €26,056 | €29,445 | +€3,389 | +13.0% |
| Distributable reserves | 133 | €26,056 | €29,445 | +€3,389 | +13.0% |
| Amounts payable | 17/49 | €54,821 | €70,374 | +€15,553 | +28.4% |
| Amounts payable after more than one year | 17 | €30,549 | €44,513 | +€13,964 | +45.7% |
| Financial debts | 170/4 | €30,549 | €44,513 | +€13,964 | +45.7% |
| Amounts payable within one year | 42/48 | €24,272 | €25,861 | +€1,589 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €4,078 | €9,236 | +€5,158 | +126% |
| Trade debts | 44 | €797 | €2,283 | +€1,486 | +186% |
| Suppliers | 440/4 | €797 | €2,283 | +€1,486 | +186% |
| Taxes, remuneration and social security | 45 | €1,751 | €4,342 | +€2,591 | +148% |
| Taxes | 450/3 | €280 | €2,694 | +€2,414 | +862% |
| Remuneration and social security | 454/9 | €1,471 | €1,648 | +€177 | +12.0% |
| Other amounts payable | 47/48 | €17,646 | €10,000 | -€7,646 | -43.3% |
| Non-recurring operating income | 76A | - | €2,066 | +€2,066 | |
| Remuneration, social security and pensions | 62 | €45,423 | €46,795 | +€1,372 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,160 | €11,819 | +€5,659 | +91.9% |
| Other operating charges | 640/8 | €549 | €813 | +€264 | +48.1% |
| Gross operating margin | 9900 | €87,583 | €78,349 | -€9,234 | -10.5% |
| Operating profit (loss) | 9901 | €35,451 | €18,922 | -€16,529 | -46.6% |
| Financial income | 75/76B | €324 | €146 | -€178 | -54.9% |
| Recurring financial income | 75 | €324 | €146 | -€178 | -54.9% |
| Financial charges | 65/66B | €1,361 | €2,373 | +€1,012 | +74.4% |
| Recurring financial charges | 65 | €1,361 | €2,373 | +€1,012 | +74.4% |
| Profit (loss) for the period before taxes | 9903 | €34,414 | €16,695 | -€17,719 | -51.5% |
| Income taxes | 67/77 | €7,061 | €3,306 | -€3,755 | -53.2% |
| Profit (loss) for the period | 9904 | €27,353 | €13,389 | -€13,964 | -51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €27,353 | €13,389 | -€13,964 | -51.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.